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The Role Of The Great Depression In The United States

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The Great Depression was a defining moment for the United States. It forever changed the way that American’s viewed their worlds. Even decades after the end of the great depression you could still see the long term effects through the behaviors of those that lived through it. There seemed to be a constant cloud that hung over these people, this cloud was the fear of the return of another depression. When World War II started it shifted the worlds focus away from the depression, the world needed saving. When the war ended the memories of the depression returned and the fear of the world falling into the wrong hands was replaced with the fear of the return of a depression. To explore these fears it is important to understand what the Great Depression was.
The Great Depression started after the stock market crash of October 1929. Prior to …show more content…
Though this was beneficial to the United States many of these purchases were made on credit or installment plans. The 1920’s was a difficult time for those in the agricultural sector, as farming prices kept dropping. This was due in part to the large scale expansion of American farms to meet the demands created during World War I, along with the introduction of mechanization that caused farmers to go into debt. This in turn led to over production, and low prices. This triggered foreclosure on many American farms. Bankers were also loaning money to fund investments in the stock market and real estate investments more than they were for commercial ventures. Massive unemployment was one of the greatest issues that caused the Great Depression to be as devastating as it was.

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